China Merchants Securities International: Cuts Fuyao Glass (03606.HK) Target Price to HK$76; FX and One-off Factors Weigh on Results

Zhitong Finance APP has learned that China Merchants Securities International issued a research report stating that it has lowered Fuyao Glass's (03606.HK) profit forecasts for 2026 to 2028 by 11%, 8%, and 9%, and has cut the target price from HK$83 to HK$76, equivalent to 16.2 times the price-to-earnings ratio for fiscal year 2027, while maintaining the "Overweight" rating.